Short Interest in Westaim Corp. (OTCMKTS:WEDXF) Drops By 94.0%

Westaim Corp. (OTCMKTS:WEDXF) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,400 shares, a decrease of 94.0% from the August 31st total of 23,500 shares. Based on an average daily volume of 5,700 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 5,700 shares, the short-interest ratio is currently 0.2 days.

Westaim Stock Performance

Shares of WEDXF stock opened at $20.62 on Thursday. Westaim has a 52 week low of $17.46 and a 52 week high of $25.98. The stock has a market capitalization of $692.01 million, a PE ratio of -14.73 and a beta of 0.21. The stock’s fifty day moving average is $20.94 and its 200-day moving average is $21.93.

Westaim (OTCMKTS:WEDXF) last issued its quarterly earnings results on Thursday, August 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.16. Westaim had a negative return on equity of 5.51% and a negative net margin of 118.02%.The business had revenue of $10.50 million for the quarter, compared to analyst estimates of $1.46 million.

Westaim Company Profile

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.